America Movil says not negotiating with Telefonica, Telecom Italia over Oi


FILE PHOTO: The emblem of Brazilian telecoms firm Oi SA is pictured inside a retailer in Sao Paulo, Brazil July 18, 2018. REUTERS/Paulo Whitaker/File Picture

MEXICO CITY (Reuters) – Mexican telecommunications agency America Movil just isn’t negotiating with Spain’s Telefonica SA and Telecom Italia SpA about making a joint bid for belongings of Brazilian telecoms agency Oi SA, an organization spokesman stated on Monday.

“Completely nothing has been negotiated,” Arturo Elias Ayub, America Movil’s director of communications stated.

Elias was responding to a report in Spanish newspaper Growth which, citing unnamed sources, stated talks had been underway between the businesses about buying Oi belongings.

Requested whether or not America Movil, which is managed by Mexican tycoon Carlos Slim, would think about making a bid for Oi holdings, Elias stated the corporate would wish to make a cautious evaluation of the belongings when it comes to costs and areas.

Reporting by Ana Isabel Martinez; Enhancing by Chris Reese

Author: Maxwell C.

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